Adient (NYSE:ADNT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Adient (NYSE:ADNT) have been assigned a consensus rating of “Hold” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $24.1875.

Several brokerages have commented on ADNT. UBS Group set a $30.00 target price on Adient and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Adient in a research note on Wednesday, October 8th. Wells Fargo & Company upped their target price on shares of Adient from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. JPMorgan Chase & Co. cut their price target on shares of Adient from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of Adient from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th.

Adient Stock Performance

Shares of ADNT stock opened at $22.01 on Friday. The firm’s 50 day moving average is $19.64 and its 200 day moving average is $22.06. The stock has a market capitalization of $1.74 billion, a P/E ratio of -6.59, a PEG ratio of 0.73 and a beta of 1.61. Adient has a 12 month low of $10.04 and a 12 month high of $26.16. The company has a current ratio of 1.12, a quick ratio of 0.93 and a debt-to-equity ratio of 1.16.

Adient (NYSE:ADNT) last issued its earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Adient had a negative net margin of 1.93% and a positive return on equity of 7.81%. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the firm earned $0.68 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Insider Buying and Selling at Adient

In other news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of Adient stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total transaction of $49,275.00. Following the completion of the sale, the executive vice president owned 116,425 shares in the company, valued at approximately $2,294,736.75. This trade represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Adient

Institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Adient by 439.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,171,695 shares of the company’s stock worth $22,801,000 after acquiring an additional 954,441 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Adient by 921.9% during the third quarter. Assenagon Asset Management S.A. now owns 812,329 shares of the company’s stock worth $19,561,000 after purchasing an additional 732,837 shares during the last quarter. Strs Ohio purchased a new position in shares of Adient in the 1st quarter worth about $585,000. Texas Permanent School Fund Corp increased its position in shares of Adient by 241.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 146,486 shares of the company’s stock valued at $2,851,000 after purchasing an additional 103,603 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Adient by 558.3% during the 2nd quarter. Squarepoint Ops LLC now owns 225,612 shares of the company’s stock valued at $4,390,000 after purchasing an additional 191,341 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

About Adient

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.